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Industrial Goods

Azad Engineering expands Mitsubishi partnership with single-source hot-section component contract

Azad Engineering has entered an eight-year long-term agreement with Mitsubishi Heavy Industries to supply hot-section nozzle vane segments for gas turbines. The single-source contract represents a strategic expansion from compressor components into higher-value combustion-section manufacturing for global power generation markets.

India | 3 weeks ago

Oil & Gas

Handal Energy and BumiRaya Petroleum form strategic SPV to consolidate regional offshore lifting market

Handal Energy Berhad has entered a 60:40 joint venture with BumiRaya Petroleum to establish a dedicated entity for offshore crane services. The partnership leverages Handal’s manufacturing infrastructure and BumiRaya’s regulatory certifications to capture growing demand for specialized lifting and maintenance solutions within the regional energy sector.

3 weeks ago • Malaysia

Mergers & Acquisitions

Ondas INC. acquires INDO Earth Moving Ltd. following $140 million military contract win

Ondas Inc. has finalized the acquisition of INDO Earth Moving Ltd., a specialist in military heavy engineering equipment. The move follows INDO's securement of a $140 million prime contract for tracked engineering platforms. Ondas intends to leverage the acquisition to deploy autonomous and remote-operation technologies across heavy-duty defense and infrastructure machinery.

3 weeks ago • United States

Airports & Aviation

Woodward expands aerospace control capabilities through acquisition of VRM to target next-generation aircraft programs

Woodward, Inc. has reached an agreement to acquire Florida-based Valve Research & Manufacturing Company (VRM), a specialist in high-precision aerospace flow control valves. The transaction, expected to close in early 2026, aims to bolster Woodward's electromagnetic valve offerings and strengthen its positioning for upcoming commercial and defense aircraft platforms, including next-generation single-aisle programs.

3 weeks ago • United States

Latest News

Energy & Power | 3 days ago

EBRD approves USD 65 million for Egypt’s solar-plus-storage infrastructure project

The European Bank for Reconstruction and Development has committed USD 65 million to finance a hybrid 200 MW solar plant and 120 MWh battery storage facility in Aswan, Egypt. This initiative, developed by HAU Energy, marks a critical step in stabilizing the national grid while advancing the country's transition toward a low-carbon energy infrastructure.

Infrastructure | 3 days ago

USACE awards $113.8 million contract to J.F. Brennan for invasive carp deterrents at Brandon road project

The U.S. Army Corps of Engineers has awarded a $113.8 million contract to J.F. Brennan Company for leading-edge invasive carp deterrents as part of the Brandon Road Interbasin Project in Illinois. The award completes Increment I of the ecosystem restoration effort.

Energy & Power | 3 days ago

CoreMarine and Jumbo Offshore win contract for FLNG mooring installation in Argentina

CoreMarine and Jumbo Offshore have secured a contract from Southern Energy S.A. to transport, install, and hook up soft-yoke mooring systems for two FLNG vessels in Golfo San Matías. The project supports Argentina’s gas export expansion, with installations scheduled for 2027 and 2028.

Government & Policy | 3 days ago

NASA awards $76m data science contract to Development Seed for Marshall space flight center

NASA has selected Development Seed for a $76 million indefinite-delivery/indefinite-quantity contract to provide R&D services to the Office of Data Science and Informatics at Marshall Space Flight Center. The contract includes a two-year base period with three one-year options through June 2031.